22-02-2023, 07:13 PM
IMO super illogical and piss off at the directors to hire an IFA. Given the fall in DPU, they should try to save money and not spend even more
Bear in mind that they have already recommended an offer at 31-36 cents from the sponser's REIT as fair and reasonable.
And now what? recommend this offer as unfair now just because its not from the sponsor? and shareholders bear the cost?
Don't screw up an offer that let shareholders cash out at a good price just to serve the sponsor interest
Its a simple partial offer, shareholders can choose whether they want to tender or not. That's why the rules doesnt need it.
The solution is simple. Since directors want to hire IFA, they can just pay the fees themselves. they already collect management fees and cannot evaluate offer? why spend our money?
Just tender la, take some of profit at 45 cents when you can instead of wasting your time with these bunch of amateurs directors and management.
Without Quarz and Black Crane, they would have already sold shareholders for 31 cents by now to ESR REIT
Bear in mind that they have already recommended an offer at 31-36 cents from the sponser's REIT as fair and reasonable.
And now what? recommend this offer as unfair now just because its not from the sponsor? and shareholders bear the cost?
Don't screw up an offer that let shareholders cash out at a good price just to serve the sponsor interest
Its a simple partial offer, shareholders can choose whether they want to tender or not. That's why the rules doesnt need it.
The solution is simple. Since directors want to hire IFA, they can just pay the fees themselves. they already collect management fees and cannot evaluate offer? why spend our money?
Just tender la, take some of profit at 45 cents when you can instead of wasting your time with these bunch of amateurs directors and management.
Without Quarz and Black Crane, they would have already sold shareholders for 31 cents by now to ESR REIT